SCHEDULE 1Amendments of primary legislation to remove securities and deposits as alternatives to motor insurance
PART 1Amendments of the Road Traffic Act 1988
14
1
Section 151 (duty of insurers or persons giving security to satisfy judgment against persons insured or secured against third-party risks)25 is amended as follows.
2
In the heading—
a
omit “or persons giving security”; and
b
omit “or secured against third party risks”.
3
In subsection (1), for “or security is issued or given” substitute “is issued”.
4
In subsection (2)—
a
in paragraph (a)—
i
omit “or security”; and
ii
omit “or whose liability is covered by the security, as the case may be”; and
b
in paragraph (b)—
i
omit “or, as the case may be, the security covered the liability of all persons,”; and
ii
omit “or, as the case may be, whose liability is covered by the security”.
5
In subsection (3)—
a
omit “or security” in both places;
b
omit “, as the case may be,”; and
c
omit “or the operation of the security”.
6
In subsection (5), in the words before paragraph (a), omit “or security”.
7
In subsection (6), omit “or security” in each place.
8
In subsection (7)—
a
in the words before paragraph (a), omit “or whose liability is covered by a security”; and
b
in paragraph (b), omit “or security”.
9
In subsection (8)—
a
in the words before paragraph (a), omit “or whose liability is not covered by a security”; and
b
in paragraph (a)—
i
omit “, or whose liability is covered by the security,”; and
ii
omit “or, as the case may be, the security covered the liability of all persons”.
10
In subsection (9)—
a
omit paragraph (a); and
b
in paragraph (c), omit “or security” in each place.